Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) Sees Significant Growth in Short Interest

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 39,500 shares, an increase of 114.7% from the January 31st total of 18,400 shares. Based on an average trading volume of 75,000 shares, the short-interest ratio is presently 0.5 days.

Legg Mason BW Global Income Opportunities Fund Trading Up 0.1 %

Shares of NYSE BWG traded up $0.01 during midday trading on Friday, hitting $8.46. The company’s stock had a trading volume of 66,328 shares, compared to its average volume of 77,029. Legg Mason BW Global Income Opportunities Fund has a 1-year low of $7.81 and a 1-year high of $8.95. The firm’s fifty day moving average price is $8.23 and its 200-day moving average price is $8.47.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 3rd quarter valued at about $136,000. HighTower Advisors LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund during the 3rd quarter valued at about $173,000. Apollon Wealth Management LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund during the 4th quarter valued at about $214,000. Commonwealth Equity Services LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 30.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 28,664 shares of the company’s stock valued at $229,000 after purchasing an additional 6,631 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 14.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 39,268 shares of the company’s stock valued at $314,000 after purchasing an additional 4,813 shares during the period.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.